Renovate to Rent

Expanding on Profits

Danny and Drew explore three different properties before investing in the riskiest option. They go with a small house, that has a big lot size and room to expand. Danny knows that doubling the square footage of a home is no small undertaking. It will take a large renovation budget and careful planning. Danny spends $50,000 building a new two bedroom, one bath addition, plus $30,000 on upgrades in the existing house. While Danny wraps up his work, Drew feels the pressure to get the place rented out.